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  • Alan Berg, Tel Aviv-based consultant to Watson, Farley & Williams, discusses the Appeal Court's recent ruling in UPC v Deutsche Bank and argues that it is inconsistent with recent authority
  • Gilles Thieffry of Norton Rose, London, argues that, although technological change in settlements is raising new problems for issuers and regulators, traditional legal issues still hold true
  • China has been busy enacting laws to govern internet usage and e-commerce. Gabriela Kennedy of Lovells, Hong Kong, asks whether this legislation leaves China better prepared for the on-line age
  • EU adopts directive on e-commerce
  • FBC to ease requirements for market makers
  • The Financial Services and Markets Act
  • Jurisdiction of the Argentine courts
  • UK advertising company Saatchi & Saatchi announced on June 20 that it intends to merge with Publicis, which is listed on the Paris Stock Exchange. The deal values Saatchi & Saatchi at euro 1.96 billion ($1.84 billion). The UK company will become a wholly-owned subsidiary of Publicis which, with a combined market capitalization of euro 6.3 billion, the companies say will be the fifth largest advertising company in the world in terms of revenue.
  • lastminute.com and egg.com have shown how the internet can be used successfully to promote securities offerings. But investors and issuers still face legal challenges in protecting themselves. Alero Cave, Anky Chan and Marco Crosignani of Allen & Overy, London, report
  • Swedish Securities Council issues statement on mandatory bids